Rare coins are a wonderful thing to collect. Building a fantastic collection is even more rewarding when you understand their rarity and how coin grading works. There are a few different methods to grading rare coins and being aware of them can help you figure out how much your coins are worth.

How Are Rare Coins Graded?

There are a number of different factors that go into determining the grade of a coin. The first is the strike. This is the overall quality of the coin itself, how well it was struck when it wad produced. Elements that affect the strike score include: clarity, crispness, and double striking. The next factor is preservation. How well was the coin kept? This can vary depending on whether a coin was circulated or not, and, furthermore, whether it was preserved.

Your grader will also look at the overall look of the coin, including the color, attractiveness, and luster. When someone is grading a coin, they are going to take all the factors into account in order to make sure they provide an accurate grade.

Why Is Grading Rare Coins Important?

In the U.S., the number of coin collectors has grown by 1.89% since 2000. Based on this data from the U.S. Mint, grading is more important than ever before. Grading affects the overall value of a coin. It also helps you determine how to care for the coin to make certain that it does not degrade. Once you have an official grade, you can insure your coin, if desired. These grades are also a requirement for most serious coin collectors to have copies of before making a purchase; if you're looking to sell any of your coins, make sure you keep your official grading ready.

Grading is something that is very valuable and that can help you figure out how much your coin collection is worth. An expert will help you figure out how to insure and protect your collection. If you're looking for assistance in evaluating your rare coins, call us today!